Air India has not gone to Tata Sons but, Indian Govt clarifies

Hours after Bloomberg Quint reported that the acquisition of nationwide provider Air India went to Tata Sons, the Indian authorities has rubbished all such media stories.
The Secretary to the Department of Investment and Public Asset Management (DIPAM) said in a tweet, “Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government’s decision as and when it is taken.”
Screengrab of the tweet by Secretary (DIPAM)
Bloomberg had earlier reported, “Tata Sons is set to take over Air India. A panel of ministers accepted a proposal from bureaucrats, who recommended the conglomerate’s bid ahead of an offer from entrepreneur Ajay Singh. An official announcement is expected in the coming days.”
The Economic Times (ET) had additionally reported that the Indian authorities had chosen the profitable bid, after judging the gives made by Spicejet founder Ajay Singh and Tata Sons in opposition to a ‘minimum reserve price’. The sale concerned 100% possession of the airline, in addition to a 50% stake in Air India SATS Airport Services Pvt Ltd/Citing sources, ET said that the federal government had put the minimal reserve worth between ₹15000- ₹20000 crores.
The airline was based by JRD Tata in 1932 as ‘Tata airline’ and was renamed ‘Air India’ in July 1946. It was in July 1953 that the then-Nehru authorities took over a majority stake within the airline from Tata Sons. At the time, JRD Tata was extraordinarily anguished by the style Nehru had nationalised Air India with none dialogue or discover.